African Missions Northern Ireland Limited IA company limited by guarantee, not having a shaTe capltall STATEMENT OF FINANCIAL ACTIVITIES {In¢orporating an Income and Expondiluro Account) for the financi81 year ended 31 December 2023 Unrestricted Fund8 2023 Total Unrestricted Funds Funds 2023 2022 Totsl Funds 2022 Notes In¢omlng Rosources Athlties for generating fund8 665,339 665,339 510.108 510.108 Rasources Expandod Ch8ritable actlvltles 561,650 561,650 491,940 491,940 Not In¢omlngloutgolng r•sources beforn tran8for8 103,689 103,689 18,168 18,168 Gross Iransf8rs b8iween funds Net movement In funds for tho flnanclal yoar 103,689 103,689 18,168 18,168 R•conclliallon of funds: Total funds beginning of the year 11 5,075,805 5,075,805 5,057,637 5,057,637 Totsl funds at Ihe end of the y•ar 5,179,494 5,179,494 5,075,805 5,075,805 The Statement of FinanGlal Acuvllies Includes all gaSn8 and108888 recogn18ed In th8 financl81 year. I Income and expendlture relata to contlnulng aclivities. The note5 on pages 12 to 15 form part ofthè financial stal&monts 10
African Missions Northern Ireland Limited {A company limllod by guaranteo. not hayEng a *hare £8plf811 CDmpany Nurnbor.. N1033371 BALANCE SHEET 4¥ gt 31 Dg¢enib¥r 2023 2023 2022 Note5 Fixod Assels TAngible a558ts 10,991,393 10,985,053 Curr•nt Assets Debtors Cash al bank and In hand 478,671 56 15825 56 178,727 158,581 Cr¢dltor•: Amounts falllng du• wlthln ong year N•t Currènt Llabllttl• (5.990.fj26) 16,067,829) 15,811,899) 16.009.248) Total Ass•l$1•ss Curront Llablllll•s 5,179,494 5,075,805 Funds General fttnd lunr¢strf¢ted) Tot41 funds 5,179.494 5,07S,805 11 5,179,494 5,075.a05 Thes8 financial slalem8nts have bèan propar&d in aGcordanc• with the sp8elal provlsion8 ièlaling lo small comp8nios within Port 75 01 Ihg Companies Act 2006. Approved by the Board of Tru$ts•$ and authorls¥d for Is£u• on 23 S8Ptemb8r 2024 and slgn¢d on Its b•hall by R•v Damlan Brosnahan Tru$lee Rev Jllrl•lh Wol¥h Trusloe The not•$ on pagès 12 to 15 lomi part of Ihè finafiElal Slaièm8nl$ 11
African Missions Northern Ireland Limited IA company limlt8d by guarantee. not having a share capital} NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2023 GENERAL INFORMATION African Misskjns Northem Ireland Limited is a company limited by guarantee inCorTated in North8m Ireland. The reglstered offlce of the ¢ompany 1$ 96 Glen Road, Jer1$pass, Newry, Co. Down, BT34 1RH which is also Ihe principal place of business of the company The finanGial statements have been pr8s8nted in Pound (£) which is also the fvnctional currency of the company. SUMMARY OF SIGNIFICANT ACCOUNTING POUCIES The following accounting pollcle8 have been applled consist8nlly in d8allng wlth Items whi¢h are consldered materfal In relation to the charity8 financlal Statements. Bas1$ of proparatlon The financial sta18menl8 have bean prep8red on tha golng concam basls under the historical Cost ¢onvention. modified to include certaln Iterns at fglr value. The flnanclal ststsmenls havo been prepared In aceordanca with the Statement of R8comm8nded Practice ISORP)"Accountlng and Reporting by Chariues preparing th6ir accounts In a¢¢ordan¢e wSlh tho Flnandal Reportlng Stsndard appllcabla In th& UK and Republlc of Ireland FRS 102.. A8 pemiltted ty the Companlgs A¢t 2006, Ihe Gharlty has varfed th8 standard foThats in that aGt for the Slalement of FinanGial Activllies and the Balance Sheet. Departures from the glandard fomats are to Gomply with the requirements of the Charitie8 SORP and ar8 in compliance wllh 8eGlion 4.7. 10.6 and 15.2 of that SORP. statemènl of ¢ompllanG• The financlal Statements of tho ¢harity for the financial yaw ended 31 December 2021 have been prepared on the going concern ba81s and In accordancè wllh tha Statement of Recommended Pra¢tica ISORPI "A¢countlng and Reportlng by Charftles preparlng thelr accounts In aGcordance wlth lh& Flnandal Reportlng standard applicable In th8 UK and Republlc of Ireland FRS 102.. Cash flow •talam•nt The charlty has avalled of tha ax•mpllon In FRS 102 from tha requlrement lo produ¢9 a cash flow statsmant bo¢ause It18 dasslfled as a small charity. InG(lg Rgsourcgs Voluntsry Income or capllal 13 Included In the Statement of Flnanclal ActfvllFe8 when the charfty Is legally enlilled to it, its financial value ¢an bo quantified with reasonable certainty and there Is reasonable certalnty of its ultimate recelpl. Enlltlement lo legacles 18 con81dered established when the Gharity hag been notified of a dlslrlbullon to be made by the executors. Income recelved In advance of due perfomiance under a contract is accounted for as deferred Income unlll e8rned. Grants for acllvltles are recognisèd as Income when the related condlllons for legal entitlement have been met. All other InGom8 15 accounted for on an accruals basls. Tanglbla Ilxad assats and d•pre¢latlon Tangib10 fixod ass91$ arg staled al ¢o$t or al valuatlon. les8 accumulated depro¢i8tion. Tha chargg to d8preciation Is calculated to write off the original wsl or valuation of tangible fixed assets. less thelr eslimaled resklual vaiu8, ovèr th8lr expected usèful Ilv8s as follows: Land and bulldlngs freehold Plant and machlnery FlxtUTes, fittfjngs and equlpmenl 20% R8duclng bala 20% ReduGlng balance Debtorg Debtors are recognl8ed at the settlement amount due after any dlscounl offered. Prepayments are valued al the amount prepald net of any trade dlscounts due. Income recogni59d by the the charity from govemment agencies and other co-funders, but not yet received al year end, is included in debtors. Cash at bank and In hand Cash at bank ar¢d in hand comprfses cash on deposlt at banks requiring le88 than three months notice of wllhdrawai. Taxation No current or deferred laxalion arises as the charity has been grantsd charitable exemption. Irrecoverable valued added tax is expensed as incurred. 12
continued African Missions Northern Ireland Limited IA company limited by guarantee. not having a share capital) NOTES TO THE FINANCIAL STATEMENTS for tho financial year end8d 31 December 2023 INCOME OTHER TRADING ACTIVITIES Unrastrlctod Rostrlcted Funds Funds 2023 2022 Conference Centre Income 665,339 665,339 510,108 EXPENDITURE CHARITABLE ACTIVITIES Dlrect Costs Oth•r Costs Support Costs 2023 2022 Govemance Costs 561,650 561,650 491,940 NET INCOMING RESOURCES 2023 2022 Nol Incomlng Resour6 aro stated after charglngllcr•dltlng): Depreciation of tanglble assets 14,096 12,510 EMPLOYEES AND REMUNERATION Number of amployeé$ Th8 average number of p•rsons employed {Including executive trusl8e8) dudng the flnanclal year was as follows: 2023 Numb•r 2022 Number ConfaTence Centre 20 16 The staff Costs Comprise.. 2023 2022 Wages and salade8 242,951 199,318 TANGIBLE FIXED ASSETS Land and bulldlng¥ froehold Plant and FlxtUrn8, machlnory Ilttlng5 and oqulpmont Total Cost At 1 January 2023 Additlon8 10,935,011 36,649 452,776 20,436 11,424,436 20,436 At 31 DeGember 2023 10.935,011 36,649 473,212 11,444,872 Depreclatlon At 1 January 2023 Charge for tho financial year 25,985 2,133 413,398 11.963 439,383 14,096 At 31 December 2023 28,118 425.361 453.479 Net bt>ok value At 31 December 2023 10,935,011 8,531 4T,851 10,991,393 At 31 December 2022 10.935,011 10.664 39,378 10,985.053 13
conlinued African Missions Northern Ireland Limited IA company limited by guarantee, not having o Share ¢apitall NOTES TO THE FINANCIAL STATEMENTS for the firncIal year ended 31 December 2023 DEBTORS 2023 2022 Prepayments and accfued Income 178,671 158,525 CREDITORS Amounts falllng duo wlthln ono yoar 2023 2022 Taxauon and Soclal security costs Other creditors Accrual8 and dofeffed incom8 9,207 5,244,867 736,552 15,961 5,313,260 738,608 5,990,626 6,067,829 10. RESERVES 2023 2022 At the beginning of tho year Surplus for the finanGial year 5,075,805 103,689 5,057,637 18,168 At the end of the year 5,179,494 5,075,805 11. FUNDS 11.1 RECONCILIATION OF MOVEMENT IN FUNDS Unr•strlct•d Funds Total Funds At l January 2022 Movement during th8 flnanclal ar 5,057.637 18,168 5,057.637 18,168 At 31 December 2022 Movement durfng tha flnanGlal year 5,075,805 103.689 5,075,805 103,689 At 31 December 2023 5,179,494 5,179,494 112 ANALYSIS OF MOVEMENTS ON FUND8 Balance 1 January 2023 In¢om• Expandltur• Transfèrs Balanc8 between 31 December lund8 2023 Unr•8trl¢t•d funds Unrestri¢ted Goneral 5,075,805 665.339 561,650 5,179,494 Total funds 5,075,805 665,339 561,050 5,179,494 11.3 ANALY818 OF NET ASSETS BY FUND Flxgd assots . charlty use Current ass8ts Current liabilities Total Unrestrlcted general funds 10,991,393 178,727 (5,990,6261 5,179,494 10,991,393 178,727 (5,990.626) 5,179.494 14
continued African Missions Northern Ireland Limited {A ¢ompab)y limited by guarant98, not having a sharn eapitall NOTES TO THE FINANCIAL STATEMENTS for the finanGial year ended 31 December 2023 12. STATUS The tharity is limited ty guarante8 not having a share capital. The Ilablllty of the members Is Ilmitsd. Every member of th8 company undertak85 to contrfbute to the assets of the company In the event of Its belng wound up whlle they are membors. or within one year thereafter, for the payment of the debts and liabilities of the company contracted before they ¢ea$ed to be membeTS, and the costs, charges and expenses of winding up. and frjr the adjustment of the rlghts of the contribuloTS among themselves, suGh amount as may be requlred. not exceeding £1. 13. POST-BALANCE SHEET EVENTS There have b8en no 81gnlfl¢ant ovents affecting the Charlty 8lnce the flnanclal year-end. 15